Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Swaraj Engines Ltd Board Recommends 500% Dividend

Posted On: 2019-04-22 18:20:02

The Board of Directors of Swaraj Engines Limited (SEL) today announced the audited financial results for the quarter and year ended 31 st March, 2019.

FY 2018-19

Swaraj Engines Limited posted its 3rd successive year of growth in term of engine sale volume, revenue and profit. On the sale front, SEL has attained its highest ever engines sale of 99,638 units (last year 92,022 units) for the financial year ended 31st March, 2019 - a growth 8.3%. As a result, Net Operating Revenue, by registering a growth of 13%, stood at Rs. 871.74 crores as against Rs. 771.16 crores for the last year.

The operating margin for the year as percentage to net operating revenue was 15.1 % (last year 15.8%). While Profit Before Tax (PBT) for the year reached Rs. 127.40 crores (last year Rs. 122.72 crores), the Profit After Tax (PAT), including other comprehensive income (net of tax), stood at Rs. 82.28 crores (last year Rs. 79.81 crores) - the highest ever profit for any financial year.

Q4 (January - March 19)

The engine sales of the Company at 21,767 units remained almost flat when compared to corresponding period of last year's sale of 21,780 units. Accordingly, on the net operating revenue of Rs. 191.47 crores (last year Rs. 185.26 crores), Profit Before Tax for the quarter stood at Rs. 25.76 crores (last year Rs. 27.52 crores) and Profit After Tax, including other comprehensive income (net of tax) reached Rs. 16.51 crores (last year Rs. 17.58 crores).

Dividend

The Board, while approving the annual accounts, has recommended an equity dividend of 250% (Rs.25.00 per share) for the financial year ended 31 st March, 2019. Further, considering the overall fund position of the Company, the Board, over and above the said normal dividend, has also recommended a special dividend payment of 250% (Rs. 25.00 per share), taking the total dividend to 500% (Rs. 50.00 per share) for the FY 2018-19.

Shares of SWARAJ ENGINES LTD. was last trading in BSE at Rs.1410.05 as compared to the previous close of Rs. 1408. The total number of shares traded during the day was 159 in over 30 trades.

The stock hit an intraday high of Rs. 1423 and intraday low of 1402. The net turnover during the day was Rs. 224945.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

HPL Electric & Power Limited board recommends dividend of Rs. 0.20 for FY2018-19

Jindal Stainless Limited posts Q4 PAT at Rs 32 crore

Lakshmi Machine Works Ltd Board approves dividend of Rs. 35 for FY2018-19

Vivid Global Industries Ltd Board recommends dividend of Rs. 0.50 for 2018-19

Bharat Petroleum Corporation Ltd Board approves dividend of Rs. 8 per share

National Plastic Industries Ltd Board recommends Final Dividend of Rs. 1 for FY19

Indian Toners & Developers Ltd Board recommends Final Dividend of Rs. 1.50 for FY2018-19

NDTV Group announces financial results for 2018-19

HPCL Board recommends Final Dividend of Rs. 9.40

Torrent Pharmaceuticals Ltd Board recommends Final Dividend of Rs. 4 for 2018-19

Dalmia Bharat Sugar and Industries Ltd Board recommends dividend of Rs. 1.60 for 2018-19

Indostar Capital Finance Ltd Board approves final dividend of Rs. 1

HEG Ltd Board recommends Final Dividend of Rs. 50 for 2018-19

Aimco Pesticides Ltd board recommends dividend of Rs. 1.50 for 2018-19

Aegis Logistics Ltd Board to consider FY19 results & Final Dividend on May 28, 2019

Panacea Biotec receives Azacitidine USFDA approval for US market

Dynamic Cables Ltd bags two orders worth Rs. 32 crores

Himadri Speciality Chemical Ltd Board to consider FY19 results & Dividend on May 28, 2019

Manali Petrochemical Ltd Board recommends Dividend of Rs. 0.75 for FY19

Dhampur Sugar Mills Ltd Board recommends Final Dividend of Rs. 3 for 2018-19

Astral Poly Technik Ltd Board recommends Final Dividend of Rs. 0.40 for 2018-19

HEG Ltd Q4 net profit at Rs. 524.42 crores

Shree Pushkar Chemicals & Fertilisers Ltd board recommends Final Dividend of Rs. 1.5 for FY19

Maharashtra Seamless Ltd board to consider dividend on May 29, 2019

Sundaram Finance Ltd Board to consider Final Dividend for 2018-19

Hind Rectifiers Ltd reports financial results for FY19

KITEX Garments Ltd Board approves Dividend of Rs. 1.50 for 2018-19

Special Report Offers Civic Leaders Effective Strategies to Build Smart Cities

D&H India Ltd Board to consider Dividend on May 29, 2019

Talbros Engineering Ltd Board approves Dividend of Rs. 1.50 for 2018-19

Gravita India Ltd board to consider final dividend on May 28, 2019

Voltas launches its new Brand Shop in Asansol, West Bengal

TV Today Network Ltd board recommends dividend of Rs. 2.25 for 2018-19

GlaxmoSmithkline Pharmaceuticals Ltd Board approves Dividend of Rs. 20

Birla Precision Technologies Ltd board to approve FY19 results on May 28, 2019

Steel Authority of India Ltd board to consider dividend, Q4, FY19 results on May 30, 2019

Bharat Forge Ltd board recommends final dividend of Rs. 2.50 for 2018-19

Galaxy Bearings Ltd FY19 net profit higher at Rs. 6.59 crores

Super Sales India Ltd posts loss of Rs. 1.06 crore

Bharat Forge Ltd Q4 PAT at Rs. 299.50 crores

Astron Paper & Board Mill Ltd Q4 PAT at Rs. 6.60 crores

The Anup Engineering Ltd Board recommends Dividend of Rs. 7

Remsons Industries Ltd board to announce Q4, FY19 results on May 29, 2019

The Anup Engineering Limited announces FY19 results

Scan Steels Ltd calls for board meeting on May 30, 2019

Super Sales India Ltd Board approves final dividend of Rs. 2.50

Garware Polyester Ltd board to consider Dividend on May 29, 2019

Thomas Cook India launches no cost EMI-powered innovative 'Holiday Basket'

Wim Plast Ltd Board to consider FY19 results, Final Dividend

The Hi-Tech Gears Ltd Board to consider Final Dividend on May 27, 2019







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019